Maine Public Employees Retirement System, Augusta, made three alternative investment commitments totaling up to $118 million.
The commitments were approved by the $18.3 billion pension fund's board of trustees at its monthly meeting on Thursday, CIO James Bennett confirmed in an email.
The board approved up to $50 million to Stonepeak Opportunities Fund. Stonepeak is an existing infrastructure relationship for the pension fund.
The board approved a private equity commitment up to €40 million ($43 million) to CVC Capital Partners IX. CVC is an existing relationship.
The board also approved up to $25 million to Long Ridge Equity Partners IV, a new private equity relationship for the pension fund.
